FAQ's
Table of Contents

• Regulations
• Laws
• Policies
• Procedures
• Contracts and agreements

To identify areas where:

• Economy and efficiency could be improved, thereby reducing cost and/or liability to the Schools
• Losses of assets and taxpayer funds can be prevented
• Human resources can be better utilized

Back to Top

• Independence is paramount in performing the internal audit function, since it provides for an atmosphere for objective and uninhibited appraisal.
• The Internal Auditor reports to the School Board.
  See School Board Policy 1.14

Click Here for complete 2008 Organizational Chart
 

Back to Top

• Determines efficiency and effectiveness
• Determines Compliance
• Evaluates the adequacy and effectiveness of internal controls
• Investigates matters related to thefts, frauds and other irregularities

Back to Top

Back to Top

• Quality of Controls
• Flow of Funds
• Asset Liquidity
• Public Disclosure Implications
• Board/Superintendent/Management Interest
• Complexity of Operations
• Qualitative Aspects of Management
• Changes in Systems, Processes or Procedures

Back to Top

1. Planning
2. Data Gathering
3. Testing
4. Summarizing
5. Evaluating
6. Reporting
7. The Culmination of fieldwork results in a draft audit report which includes:

• Purpose
• Scope
• Background
• Overall Evaluation, Findings and Recommendations

Findings are instances of noncompliance with laws and regulations, internal control weaknesses, and areas where economy and efficiency can be improved.

• The draft audit report is presented to the auditee for discussion.
• The Auditee is allowed a time period to provide a written reply to the findings and recommendations.
• Once the response is received, the response is incorporated in the body of the report.
• The final audit report is then provided to the School Board and the Superintendent.

Back to Top

• After the audit is issued, a follow-up is performed to ascertain the status of the recommendations.
• The follow-up is handled in the same manner described above for an audit

Back to Top

• Internal auditors review and test controls at a significantly lower lever of materiality than do external auditors and often review a much broader range of risks than those for external financial reporting.
• External audits are designed to report on historical data, whereas internal audits are generally focused on the efficiency and effectiveness of current and future operations.

Back to Top

Secondly, the Department of Internal Audit's main responsibilities are:

• Performing an annual audit of Internal Funds for each school/center
• Providing technical support for the Manatee Accounting Software, including installation, troubleshooting and update implementation
• Providing training to new and existing Bookkeepers and to the assistant principal pool on proper Internal Fund Procedures.

The Office of the School Board Auditor's responsibilities, on the other hand, involve:

• Auditing all district operations to ensure accuracy of records and compliance to established state laws and district policies and procedures.
• Audits conducted in accordance with generally accepted government auditing standards. These standards require that we plan and perform the audit to afford a reasonable basis for our judgments and conclusions regarding the organization, program, activity, or function under audit.

Back to Top